BAI vs. DODEX
BAI (iShares A.I. Innovation and Tech Active ETF) and DODEX (Dodge & Cox Emerging Markets Stock Fund) are both funds - BAI is a Technology Equities fund actively managed by iShares, while DODEX is a Emerging Markets Diversified fund managed by Dodge & Cox. Over the past year, BAI returned 97.95% vs 56.39% for DODEX. A 0.58 correlation means they provide meaningful diversification when combined. BAI charges 0.55%/yr vs 0.70%/yr for DODEX.
Performance
BAI vs. DODEX - Performance Comparison
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Returns By Period
In the year-to-date period, BAI achieves a 55.29% return, which is significantly higher than DODEX's 25.77% return.
BAI
- 1D
- -0.40%
- 1M
- 18.14%
- YTD
- 55.29%
- 6M
- 51.89%
- 1Y
- 97.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DODEX
- 1D
- 0.68%
- 1M
- 6.66%
- YTD
- 25.77%
- 6M
- 27.16%
- 1Y
- 56.39%
- 3Y*
- 26.27%
- 5Y*
- 9.72%
- 10Y*
- —
BAI vs. DODEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 55.29% | 25.22% | 8.06% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 25.77% | 38.64% | -6.38% |
Correlation
The correlation between BAI and DODEX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.58 |
The correlation between BAI and DODEX has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
BAI vs. DODEX — Risk / Return Rank
BAI
DODEX
BAI vs. DODEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares A.I. Innovation and Tech Active ETF (BAI) and Dodge & Cox Emerging Markets Stock Fund (DODEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BAI | DODEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.72 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.07 | 5.18 | +0.89 |
| Martin ratioReturn relative to average drawdown | 16.57 | 19.82 | -3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAI | DODEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 3.96 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.69 | 0.61 | +1.07 |
Drawdowns
BAI vs. DODEX - Drawdown Comparison
The maximum BAI drawdown since its inception was -34.09%, smaller than the maximum DODEX drawdown of -37.01%. Use the drawdown chart below to compare losses from any high point for BAI and DODEX.
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Drawdown Indicators
| BAI | DODEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.09% | -37.01% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -10.97% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.89% | — |
Current DrawdownCurrent decline from peak | -0.40% | 0.00% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -12.80% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 2.86% | +3.07% |
Volatility
BAI vs. DODEX - Volatility Comparison
iShares A.I. Innovation and Tech Active ETF (BAI) has a higher volatility of 11.32% compared to Dodge & Cox Emerging Markets Stock Fund (DODEX) at 5.09%. This indicates that BAI's price experiences larger fluctuations and is considered to be riskier than DODEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAI | DODEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 5.09% | +6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 26.16% | 12.06% | +14.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.43% | 14.36% | +18.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.06% | 16.81% | +18.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.06% | 16.78% | +18.28% |
BAI vs. DODEX - Expense Ratio Comparison
BAI has a 0.55% expense ratio, which is lower than DODEX's 0.70% expense ratio.
Dividends
BAI vs. DODEX - Dividend Comparison
BAI's dividend yield for the trailing twelve months is around 1.16%, less than DODEX's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.16% | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% |
DODEX Dodge & Cox Emerging Markets Stock Fund | 2.25% | 2.83% | 1.94% | 1.92% | 1.93% | 1.38% |
Frequently Asked Questions
BAI and DODEX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAI has higher volatility (11.32%) compared to DODEX (5.09%). In terms of maximum drawdown, BAI dropped -34.09% vs DODEX's -37.01%.
DODEX currently has the higher Sharpe Ratio (3.96 vs 3.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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